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20121213
20121213
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replaced berlusconi with his polar opposite, mario monti, an academic economist who promised to balance italy's books with strict austerity measures. that's not an easy choice. the country basically deciding it would be better to live with its hard-ass stepfather even though its real father was outside revving up his alfa romeo promising to take everyone to a strip club for prosecco and waffles. (laughter) or whatever better version of waffles they have in italy. i'm sure. really? his zells is that what they do? (laughter) look at that grill pattern. it's (bleep)ing beautiful. how do they do it? everything you eat is better there. kosher hot dogs. they probably have some kind of thing that gets saysly and blub blub. anyway, italy sucked it up and got the fiscal house in better shape, everyone's glad they did what they did. almost everyone. >> one of italy's most controversial former leaders is eyeing a comeback. berlusconi says he's planning to run again. this would be his fourth term in office. >> jon: he was convicted -- (laughter). he was convicted of tax fraud six weeks ago. he was
. this comes after italy sold short-term paper and mario monti announced his discussion to step down. today's auction will see italy settle its funding targets for the year. sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact on the country aes sovereign debt rating. our next guest disagrees and says he sees repricing of debt in italy. he's sylvia peruso. why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the
an appreciative audience in rome he'll denounce the policies of his successor, mario monti, and his management of the current economic crisis. after decades in italian politics, this 76-year-old businessman appears rested and ready for a fight. tan and fit not and a gray hair on his head. he's not without troubles of his own. he's appeals a kwixz for tax evasion and on trial for allegedly having sex with a minor, a now of age moroccan dancer known as ruby, the heartbreaker. belusconi is in and monti will soon be out. he's step down as soon as parliament passes its 2013 budget. stepping down doesn't mean he's stepping out. many here speculate he's simply preparing to take off his mental and don that of a politician and run himself for the premiership in elections early next year. monti's policies of tax increases and spending cuts have sparked widespread protests, but many other italians think such tough measures were unavoidable says this professor. >> while there is concern, while there is resentment, while there is worry about future, i think there is a rather widespread agreement that what
Search Results 0 to 2 of about 3